Eversource Energy (NYSE:ES) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Eversource Energy (NYSE:ES) released its quarterly earnings data on Thursday. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.02, FiscalAI reports. Eversource Energy had a net margin of 10.22% and a return on equity of 11.06%. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the firm earned $1.01 earnings per share. Eversource Energy’s revenue for the quarter was up 13.4% on a year-over-year basis. Eversource Energy updated its FY 2026 guidance to 4.800-4.950 EPS.

Eversource Energy Price Performance

Shares of ES stock traded up $0.20 during trading hours on Thursday, hitting $70.42. The company had a trading volume of 2,810,747 shares, compared to its average volume of 2,524,874. Eversource Energy has a 12 month low of $52.28 and a 12 month high of $75.25. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.64 and a current ratio of 0.71. The firm’s fifty day moving average is $68.24 and its 200 day moving average is $68.37. The firm has a market capitalization of $26.42 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.96 and a beta of 0.77.

Eversource Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 5th will be given a dividend of $0.7875 per share. This is an increase from Eversource Energy’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, March 5th. This represents a $3.15 annualized dividend and a dividend yield of 4.5%. Eversource Energy’s dividend payout ratio (DPR) is presently 82.47%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Bank of America raised Eversource Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $73.00 to $85.00 in a report on Tuesday, October 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research note on Wednesday, January 28th. Mizuho reaffirmed a “neutral” rating and issued a $68.00 price objective (down previously from $81.00) on shares of Eversource Energy in a report on Thursday, November 20th. Jefferies Financial Group restated an “underperform” rating on shares of Eversource Energy in a research report on Monday, November 24th. Finally, BMO Capital Markets decreased their price target on shares of Eversource Energy from $79.00 to $77.00 and set a “market perform” rating for the company in a report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Eversource Energy presently has a consensus rating of “Reduce” and a consensus target price of $71.50.

Institutional Investors Weigh In On Eversource Energy

A number of large investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC boosted its stake in Eversource Energy by 1.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 14,483 shares of the utilities provider’s stock worth $975,000 after acquiring an additional 162 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Eversource Energy by 4.9% in the third quarter. Parallel Advisors LLC now owns 3,636 shares of the utilities provider’s stock worth $259,000 after acquiring an additional 169 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Eversource Energy by 4.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,198 shares of the utilities provider’s stock worth $283,000 after purchasing an additional 190 shares during the period. Johnson Financial Group Inc. lifted its holdings in shares of Eversource Energy by 73.5% during the 3rd quarter. Johnson Financial Group Inc. now owns 465 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 197 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its holdings in shares of Eversource Energy by 2.2% in the third quarter. Hilltop Holdings Inc. now owns 9,654 shares of the utilities provider’s stock valued at $687,000 after buying an additional 205 shares during the period. 79.99% of the stock is currently owned by institutional investors.

Eversource Energy Company Profile

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.